Centene Corporation (CNC) Investors See Over $11 Billion Of Shareholder Value Wiped Out In 1 Day Amid Independent Actuary Data, Withdrawn 2025 Guidance – Hagens Berman
1. Centene's share price plummeted 40% after guidance withdrawal. 2. Investors fear Centene misled them about its actuarial practices. 3. A preliminary analysis revealed a $1.8 billion revenue reduction. 4. Hagens Berman launched an investigation into possible securities law violations. 5. The company's reputation may face long-term damage from this incident.